Balfour Capital Group Announces Successful Divestiture Of Mabicon (PTY) SA


(MENAFN- EIN Presswire) SWITZERLAND, July 10, 2024 /EINPresswire / -- Balfour Capital Group is pleased to announce the successful divestiture of , Mabicon (PTY) SA. Mabicon (PTY) SA is licensed by the South African financial Sector Conduct Authority (FSCA), with FSP number 52698 and registration number 2022/562779/07. Its registered office is located at 30 Crestone Peak, Midlands Estate, Centurion 1692, and its operating office is at Alice Lane, Phase 3, 4th Floor, Alice Lane, Sandhurst, Sandton, Gauteng, 2146, Johannesburg, South Africa.

The divestiture was made possible through strategic bridge financing provided by Balfour Capital Group to Janise Urste personally and PTGlobal Fiskal Solusi Asia, amounting to €252,000, and additional financing of €75,000 to Westerman Holdings LLC, under the sole ownership of Simon Lee, located at 1072 Anderson Ave, Fort Lee, NJ. This funding facilitated the continuation of innovative investment strategies.

Leading the successful transition is Susanty Veronica Tan, affectionately known in the industry as "The Comeback Kid" due to her remarkable recovery from cancer. She continues to spearhead growth initiatives with her indomitable spirit. As CIO Steve Alain Lawrence remarked, "Our seed investment strategy proved effective, and our exit strategy was founded on the strength and resilience of the people involved."

Balfour Capital Group remains committed to identifying and nurturing promising investment opportunities, ensuring sustainable growth and success for all stakeholders involved.

Contact:
Balfour Capital Group

About Balfour Capital Group:
Balfour Capital Group is a leading global investment firm specializing in private equity, venture capital, and strategic advisory services. With a strong track record of success, Balfour Capital Group is dedicated to driving innovation and growth across diverse industries.

Vikram Srivastava
Balfour Capital Group
+1 3128576941
email us here
Visit us on social media:
Facebook
X
LinkedIn

MENAFN10072024003118003196ID1108429869


EIN Presswire

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.